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7 August 2024 | 15 replies
Warrendale has one of the highest crime rates in Detroit.
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6 August 2024 | 17 replies
There are certainly pros and cons and will come down to your personal goals.Pro: Because it is two properties on a lot, that is one insurance, one property tax bill, one gardener, etc.
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6 August 2024 | 4 replies
.- One SFR had a tenant just move out, another is going through an eviction, so with half of the portfolio vacant, it's decision time.I'm trying to decide whether to sell them as a portfolio (at least the 3 Georgia ones as a portfolio, Iowa would probably have to be sold separately), or get the other 2 empty, fix them up and sell them all to retail homebuyers.
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6 August 2024 | 6 replies
These deals are very hard to come by, and even when you do think you see one, the appraisal comes in lower than expected, making you cut leverage.
6 August 2024 | 16 replies
I’ve got one property listed for sale now, so unfortunately that’s where a lot of my equity is until it’s sold.
6 August 2024 | 3 replies
A friend and I have an LLC that owns multiple properties and for several reasons we would like to split the LLC into 2 LLC’s and each own one.
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6 August 2024 | 9 replies
Hey Jake, I know of someone who's doing it and I plan to on two of my units once they turn over, one being in September.
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6 August 2024 | 14 replies
Otherwise you would need to set up either one disregarded LLC in one of your names.
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6 August 2024 | 12 replies
One thing that I have gotten from BRRRR is that if you "buy right", you significantly decrease your chance of getting into trouble.